you'veot got stimulus in you onom an you can g bk t th t the deficits will get worse and not better. and this is the cycle of decline that europe is facing. >> mark halperin. >> prime minister, i take your point about the medium and longer-term issue. how important from a practical and pshological point of view is it to europe r ica ha alen ahe m to get our fiscal house in order? >> i think it's going to be important that europe and america cooperate to get the world economy moving forward. that's the most important thing. you see, i don'tunderstand, since the rescue of the world economy in 2009, there is rtually cooration beten ama,a, india, europe to get the world economy moving forward. you, america, need to export to the rest of the world. you can't stimulate your economy simply by domestic consumption or public spending or plic investment. you need to sell to the rest of the world. china nee to,ndt needs to sell to europe and america. that's the blasz of a global growth agreement. china concerns more. you probably do a bit more on infrastructure. trade starts to moveforward. peo